Germany's Beru says CEO to step down next year

Newswire

FRANKFURT, Dec 12 (Reuters) - German car parts maker Beru AG said on Thursday Chief Executive Ulrich Ruetz, who was at the helm when the company listed on the stock market in 1997, would step down at the end of March next year.

Ruetz, 62, who has led the company for 20 years, would continue to act as an adviser and join the supervisory board after leaving the management board, the company said in a statement.

Beru said Marco von Maltzan, 47, formerly head of luxury ...

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